Alignment Healthcare Inc
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Health Care : Health Care Providers & Services | Small Cap Growth
Company profile

Alignment Healthcare, Inc., formerly Alignment Healthcare Holdings, LLC, is engaged in providing healthcare services to its seniors. The Company delivers its healthcare platform through its Medicare Advantage plan offerings. The Company’s product portfolio consists of Medicare Advantage products, such as health condition ranging from plans for healthy members to chronic special needs plans; socioeconomic status, including Medicare and Medicaid dually eligible special needs products and ethnicity, including its Harmony product, featuring benefits associated with Eastern medicine disciplines. Its product offerings include health maintenance organizations (HMO), dually eligible, provider-sponsored plans, chronic special needs, preferred provider organizations (PPO), virtual care, ethnic product lines, and traditional Medicare/direct contracting entity. It also offers additional features, including ACCESS On-Demand Concierge card, companion care, transportation partnerships, and pet care.

Closing Price
Day's Change
0.13 (2.09%)
B/A Size
Day's High
Day's Low

10-day average volume:

Charles Schwab upgraded to buy from neutral, but price target cut to $75 at Citigroup

8:39 am ET March 13, 2023 (MarketWatch)

Charles Schwab Corp. (SCHW) was lifted to buy from neutral on Monday by Citigroup analysts, who see a a "compelling entry point" from a 23% drop over two days. Shares of the financial services company, down 7% in premarket trading, have been hit by fallout from the failure of Silicon Valley Bank. "We see near-term revenue/earnings headwinds from rising funding costs and continued client cash sorting, but we believe these are reflected in the current stock price. While client cash sorting is a pressure point and we expect to see the magnitude at a higher level than prior cycles, we do not see a material risk to deposits leaving SCHW given the composition of its deposit base and customer protections ($750K in insurance given 3 bank charters)," said Citi analysts Christopher Allen and Alessandro Balbo. They noted that Schwab pointed to $100-$150 billion in funding capacity from supplemental liquidity sources -- retail CD's, Federal Home Loan Banks advances and wholesale funding/repos. It had borrowed $17.1 billion from external debt facilities and $6.05 billion from retail brokered CD's by end 2022, while from year-end through Feb., it borrowed an extra $16.4 billion from external debt facilities and $9.4 billion in additional brokered CD's. The company assured that these moves were temporary, said Citi. The analysts cut their price target to $75 per share from $84, still a multiple of 14 times their 2024 earnings per share. Citi analysts said they still prefer brokers with lower levels of client cash/sorting deposit risk, such as Interactive Brokers Group [s: ibkr] and LPL Financial Holdings [s: lpla].



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March 13, 2023 08:39 ET (12:39 GMT)

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